The Immigration Directorate General at the Law and Human Rights Ministry has officially launched a long-stay visa dubbed second home visa for foreigners or former Indonesian citizens. This visa will allow them to stay in the country for 5 or 10 years and carry out various activities including investing, working, and other activities.
Applications for a second home visa can be made quickly through a website-based application (https://visa-online.imigrasi.go.id).
The required documents are as follows:
- National passport that is valid and still valid for a minimum of 36 (thirty-six) months;
- Proof of Fund in the form of an account owned by a foreigner or Guarantor with a value of at least Rp. 2,000,000,000.00 (two billion rupiahs) or equivalent;
- Recent color photograph with a size of 4 cm x 6 cm with a white background; and
- Curriculum Vitae (Curriculum Vitae).
The subject of the second home visa is certain foreigners or former Indonesian citizens (WNI) who want to stay and contribute positively to the Indonesian economy.
This policy is also expected to be able to attract more freelancers and foreign remote workers or who are later known as digital nomads, to live in Bali or other destinations in Indonesia.
The non-tax state revenue (PNBP) rate for second-home visas is Rp. 3,000,000,- per the provisions in the Minister of Finance Regulation (PMK) Number 2 of 2022. Payment for second-home visas can be made outside the territory of Indonesia through the PNBP payment portal, which is available.
This immigration policy is one of the non-fiscal incentives that can stimulate certain foreigners to stay and contribute positively to the Indonesian economy amidst increasingly dynamic global economic conditions.
There are hopes that the new second home visa will attract a wide range of people, not simply business developers and investment tycoons. The visa is available to anyone who can show proof of funds in their bank account of USD 130,000.
The Department of Immigration has stated that this will help diversify the range of people who can come and reside in Indonesia. The visa targets high earners, retirees, and highly skilled digital nomads to invest in building a life in Indonesia.